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Sobha Developers Posts 14 Per Cent Rise in Q1 Net

Mumbai: Bangalore-based Sobha Developers on Friday reported a 14 per cent increase in consolidated net profit at Rs 57 crore for the quarter ended June 2014. The company had posted a net profit of Rs 50.1 crore for the corresponding quarter last fiscal year. Its total revenues for the April-June quarter increased 25.83 per cent to Rs 582.6 crore from Rs 463 crore in the year-ago period. "The sales in the first quarter have...
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